Friday, June 19, 2009

Don't Be Greedy

This morning, the market was surging upward without hesitation. I had a sell price set on a certain security, but didn't want to leave money on the table, so I bumped the sell price up a bit. As you might guess, my initial sell price was surpassed, but my revised sell point was not reached, so I did not sell. Then the market plunged. So I still have my position despite my established sell price being reached.

Selling too early is always a bit disappointing as the price continues to rise after you've sold out. But not selling at all is much worse. So hold to your price!!

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